The depreciation of rupee is unlikely to result in a drop in the number of Indian students seeking admissions to the most prestigious global colleges across the world. The best institutes are betting that an increase in financial aid for foreign students will increase the number of applications, including from India, this year. Cut-throat competition for admission to Indian universities is expected to further boost the number of students opting to study abroad rather than battle it out in the home country.
Foreign Universities Upbeat
"The University of Pennsylvania has continued to witness growth in applicant pool over the past many years, despite the steady devaluation of the rupee.”
Ron Ozio, Media Relations Director, University of Pennsylvania